Gujarat Pipavav Port Ltd
₹ 180
4.53%
07 Nov
- close price
About
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
Key Points
- Market Cap ₹ 8,683 Cr.
- Current Price ₹ 180
- High / Low ₹ 203 / 121
- Stock P/E 20.2
- Book Value ₹ 45.0
- Dividend Yield 4.57 %
- ROCE 24.9 %
- ROE 19.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.57%.
- Company has been maintaining a healthy dividend payout of 100%
- Debtor days have improved from 24.3 to 17.6 days.
Cons
- The company has delivered a poor sales growth of 6.08% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 518 | 867 | 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | 988 | 1,064 | |
| 261 | 365 | 278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 415 | 410 | 443 | |
| Operating Profit | 257 | 502 | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 574 | 578 | 621 |
| OPM % | 50% | 58% | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 58% | 58% | 58% |
| 33 | -5 | 24 | 33 | 37 | 45 | 51 | 44 | 26 | 13 | 25 | 81 | 125 | |
| Interest | 37 | 26 | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 | 6 | 6 |
| Depreciation | 61 | 83 | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 | 117 | 122 |
| Profit before tax | 192 | 387 | 309 | 347 | 307 | 321 | 359 | 327 | 302 | 392 | 474 | 536 | 619 |
| Tax % | 0% | 0% | 38% | 28% | 35% | 36% | 18% | 33% | 36% | 26% | 25% | 25% | |
| 192 | 387 | 191 | 250 | 198 | 206 | 292 | 218 | 193 | 292 | 354 | 399 | 462 | |
| EPS in Rs | 3.97 | 8.01 | 3.95 | 5.17 | 4.11 | 4.25 | 6.05 | 4.52 | 4.00 | 6.04 | 7.32 | 8.26 | 9.55 |
| Dividend Payout % | 0% | 0% | 48% | 74% | 83% | 82% | 93% | 100% | 100% | 101% | 100% | 99% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 6% |
| 3 Years: | 27% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 14% |
| 3 Years: | 26% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
| Reserves | 920 | 1,307 | 1,513 | 1,536 | 1,531 | 1,538 | 1,601 | 1,549 | 1,549 | 1,595 | 1,609 | 1,635 | 1,691 |
| 304 | 0 | 0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 79 | 63 | 51 | |
| 159 | 200 | 282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 526 | 498 | 475 | |
| Total Liabilities | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 | 2,681 | 2,699 |
| 1,358 | 1,339 | 1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,358 | 1,329 | 1,342 | |
| CWIP | 106 | 65 | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 81 | 83 | 26 |
| Investments | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 |
| 320 | 503 | 462 | 499 | 509 | 651 | 754 | 839 | 982 | 1,096 | 1,177 | 1,186 | 1,248 | |
| Total Assets | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 | 2,681 | 2,699 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 290 | 444 | 389 | 402 | 315 | 296 | 340 | 384 | 380 | 370 | 485 | 446 | |
| -176 | -207 | -285 | -241 | -129 | -122 | -81 | -101 | -166 | -82 | -107 | -56 | |
| -54 | -332 | -0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | -401 | |
| Net Cash Flow | 60 | -95 | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Working Capital Days | -60 | -31 | -93 | -101 | -91 | -69 | -59 | -75 | -79 | -52 | -106 | -105 |
| ROCE % | 13% | 26% | 17% | 17% | 15% | 16% | 18% | 16% | 15% | 21% | 25% | 25% |
Documents
Announcements
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Reply To Email From BSE Surveillance
20h - Exchange queried volume spike; company says disclosures filed Nov 5; interim dividend approved.
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Clarification sought from Gujarat Pipavav Port Ltd
21h - Exchange has sought clarification from Gujarat Pipavav Port Ltd on November 7, 2025, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Unaudited Q2/H1 FY26 results presentation; revenue INR 2,993m, net profit INR 1,576m; webinar 6 Nov 2025.
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Board Meeting Outcome for Unaudited Financial Results With Limited Review Report And Interim Dividend For FY 25-26
2d - Approved Q2/H1 results (30 Sep 2025); interim dividend ₹5.40/share (₹2,610.58m); record date 12 Nov 2025.
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Intimation Regarding Signing Of Memorandum Of Understanding
29 Oct - MoU with Gujarat Maritime Board for Rs.17,000 crore Pipavav investments, subject to concession extension beyond Sep 2028.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025TranscriptNotesPPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT REC
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Nov 2023TranscriptNotesPPT REC
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Feb 2023TranscriptNotesPPTREC
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Nov 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Nov 2021Transcript PPT
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Oct 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Business Overview
The company has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with the Gujarat Maritime Board and the government of Gujarat. It handles four types of cargo including container, dry bulk, liquid bulk, and RoRo. [1]